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You got it. Thanks!
Nope, missed it completely as well. The good news is almost every time I've had a huge winner, it usually happened right after a whiff like this. We'll get em next time!
All IMO
SAME HERE!
OMG droopyeyes, I was literally reading a post from Zardiw about this stock (which I always confuse with the other BMX stock) on the BB stock guy forum a week ago.. and as I was reading it I even said " I should probably listen to Zardiw.. he sounds really convinced!" .. but I couldn't get the position size or price I wanted so I didn't buy in! WTFRIC!
All IMO
Yes, thank you. I originally saw this somewhere tagged to another ticker I was looking at. Checked it out and loved the O/S, chart, and also saw some traders I respect lurking around as well.. so I took a position just for the heck of it.
Literally a day or so later they cancelled the split (Didn't even know they were having one) but it opened with a large gap up, & once it was clear dilution was happening I sold for profit.
I then watched it very closely.. & once things stabilized and buy volume picked up I reentered with a very large position at .001. I had high hopes for this ticker and held through yesterday to see if it might continue on today to the .003s or higher. It was not to be, so I took my profit early.
I am still watching very closely for signs of a real turnaround. There was a ton of volume at higher levels so who knows.
Have a good evening.
All IMO
I think we'll get a technical pullback soon as rsi on the daily is getting up there, but this market is just too manipulated to be sure of anything beyond that.
All IMO
Brainstorming some green energy plays. Whether I agree with it or not, since the inflation production act passed.. I figured that might be the place to be going forward.
I wonder if (because of the bill) some of these tickers will continue northward even if the overall market stalls or heads lower?
Here are some of the plays I'm watching: FCEL, PLUG, TPII, ADN, CHPT
All IMO
I went short on the NASDAQ downtrend line, but I always thought the S&P line (around 4350) was possible, which is why I exited immediately after the CPI release. I just didn't think the CPI was going to be low enough to cause such a reaction.
My last two days have been a lot greener and less stressful since I gave up the idea of shorting for the time being and just focused on picking good OTC & national market plays. We'll see what late September / October looks like. When I go short, I do it for large downturns rather than small technical pullbacks.
All IMO
I got fried yesterday! Took a huge Nasdaq short position the night before the CPI LMAO. Thankfully recovered about 60% of it today, but I won't be doing any "pre data" type trades again!
Very, but not buying current narrative! I am going almost all-in SQQQ once this rally finally breaks. Getting sick of waiting, but thankful I'm not one of the shorts who were completely wrecked this past month!
I'm looking at the top of the downward trend line on the Nasdaq, (around 12,800) So tempting to go short, but it could overshoot to the upside depending on jobs data BS and whatever (IMO) manipulated nonsense follows.
Would be fine if this kept going till mid August, but I'm tempted to go short right now. I will wait ...maybe.
All IMO only.
Good stuff. I'm being VERY CAUTIOUS here. I'll be looking for a "possible" short entry and any signs of weakness around 4200 S&P, & 13,000 on NQ, but I also came up with a scenario where we could overshoot to around 4400. These are crazy times! I have a feeling oil could surge again as well.
All IMO
I went short the S&P yesterday afternoon and quickly exited this morning..lol ...but
-> I'll be back!
Sometimes it's better to be lucky than good. I didn't even know it had a RS to be discontinued when I took a position! LOL Reminder to look further into the filings next time!
Agree. This past week was pure BS! "They" never make it easy.
IMO
I'd get a migraine every day if I thought about all that stuff. I stick to hourly, daily, weekly & monthly bollinger bands, moving averages, basic trend lines and rsi.
I also only have general ranges. Like right now I'd consider 3900-4100 for possible short reentry depending on how things feel, and I'd be looking to close the position in the 3500s or below. (sort of go with the flow.) Works for me!
All IMO
I go short by taking larger positions in leveraged ETFs rather than trading options. At least if I'm on the wrong side of things and exit quickly, then I can get most of my initial investment back.. as opposed to the latter.
IMO
Hope you're right. I was forced to go short earlier than I wanted when the 20 day failed, and I was forced to close my position today to preserve some profits. Would like to see it get to at least 4000 before reentry this next time around!
All IMO
I moved my position to a more actively traded ticker a while ago. Figures! LOL
Looks like it's had a good couple of weeks! Will be watching.
All IMO
Crazy last 40 minutes. I will gladly watch tomorrow's BS from the sidelines and hope for a big & sharp two day rally!
All IMO
Just closed my most successful short trade to date. Still room to go lower but didn't want to be greedy or hold through fed BS. Hourly charts suggest a short-term bounce possible. Looking forward to watching the next rally run out of steam!
All IMO only.
Probably right (at least the 5% part) but again, you need the right people in place for that.
Probably what's needed.. but Powell is too chicken to do that.
Interesting.. I believe 50 points would cause Powell to lose even more credibility and wouldn't help the market much at all. Might actually have a better reaction with a 75 basis point raise.
All IMO
DINO! Thank you for sharing your thoughts and experiences.
I would love to short oil right from the top, but really feel comfortable shorting the S&P in between any rallies. Maybe we'll get a dream scenario where oil holds on during a major leg down, then starts to crash during a muti-month bear market rally for the rest of the market.
All IMO
Jeezch, our cities are bad enough as it is!
Lots of room to the downside on the monthly.., and even the daily RSI for S&P, while oversold, is right where the major downturns really accelerated in 2001 & 2008. I understand why many see a bounce in the 3800 range, but these things almost never go according to plan when the real plunge starts.
I'm ready either way.. & we'll see soon enough!
(Hate weekends in times like these!)
IMO
One interesting characteristic of the 2001-2003 & 2008 crashes... most of the big moves down rapidly accelerated in the final minutes of trading each day.. and that is exactly what has started to happen these past two trading days.
IMO
The more I look at the charts & the close, the more it feels like we could blow through 3800 & have a black Monday type scenario. Charts look terrible!
Lots of BS and manipulation in the national market though so who knows.
We shall see & All IMO
I'm shocked that the airline, cruise & trucking industries are still holding up.. at least for now.
A lot of the people most affected by the current policies voted for it. The guy literally said (mumbled) that he was going to go to war with the fossil fuel industry and spend all he could on an agenda of craziness!
IMO
I'd rather see a new set of lows 3500.> ..then a rally back to the gap before another leg down.
Gap filled five months later in Covid crash AFTER the lows were in.
All IMO
I never set exact times or precise targets. I just sort of go with the flow & have a general price range where I'm prepared to buy, sell or go short.
Not a fan of Joke Biden, Putin or Trump. I'd like to see DeSantis win, and Interstellar boy be the Donkey candidate as a worst-case scenario. Anything would be better than what we have now.
All IMO
I have 3200-3400 S&P target if 3800 range support breaks. Gap down to 1900 at start of WW3. (All depends on how crazy Putin eventually gets & IF his people will continue to follow orders.)
All IMO only
I vood vee inzerested in trees.
IMO
Thank you for posting something interesting and of value. I will have to read up on this!
I agree. IMO, the preferred shares are a good thing.. and it sounds like this Ostrich or whatever company has a lot of connections.. I just didn't understand some of the other stuff and thought I may have been unaware of something else in addition to the asset deal..
All IMO
Hey, I like the deal, and it seems pretty straightforward. I just don't understand where all the complicated gobbledygook is coming from. I thought I was missing something else?
All IMO
LMAO, all I see is a lot of noise and speculation. I thought this stock was selling 75% of its Ethereum mining equipment to this Ostrich (or whatever they are called) company, and will receive preferred shares in said company in return. I must be missing something else that's going on that all this complicated talk and pontification is addressing?
All IMO
Neat.. but I'm also watching the hourly / 20 & 50 day closely right now which looks a bit different.
All IMO